gambling - Page 2 of 3 - Providence Business News

TIME TO HEDGE? Rhode Island is the national leader in per capita revenue collected from gambling. Most state leaders, however, say they are unconcerned about the state’s dependence on the industry and the one company, Bally’s Corp., that has a local monopoly on it. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. leaders need to see the risk in dependence on gambling...

Editorial and Op-Ed 12/10/2021

Nevada may be the nation’s gambling mecca, but it still trails runaway national leader Rhode Island in per capita revenue collected from gambling. Yet, as...

A NEW REPORT commissioned by the R.I. Department of Revenue says the state could gain $18.5 million per year in general revenue from iGaming. This image shows a free money mobile slot game offered through Bally's Twin River Lincoln Casino. / COURTESY BALLY'S CORP.

Report: iGaming revenue would add $18.5M per year to R.I. budget

Economic Activity 12/08/2021

PROVIDENCE – If Rhode Islanders were allowed to use their phones and laptops to play government-regulated online slot machines, table games and poker, the...

TAKING THE RISK: A gambler places sports bets at Bally’s casino in Atlantic City, N.J., earlier this month. The American Gaming Association projects that 45.2 million Americans will bet on NFL games this season. / AP PHOTO/WAYNE PARRY

Legal sports betting spreading across U.S.

Government 09/17/2021

EAST RUTHERFORD, N.J – More than half of the United States now offers legal sports betting, just three years after it was allowed by...

THE R.I. SENATE approved legislation Tuesday that would pave the way for the state's 20-year lottery agreement with International Game Technology PLC and Bally's Corp. / PBN PHOTO BY CASSIUS SHUMAN

GA approves 20-year IGT/Bally’s lottery agreement

Economy 06/01/2021

PROVIDENCE – The Senate on Tuesday voted, 28-5, to approve the IGT/Bally's Corp. agreement for a 20-year deal to run state-sponsored gambling services. Passage of...

NEW TAX LEGISLATION could make buying sugary soft drinks costlier in Rhode Island, leading to debate over the measure’s potential positive effects on health and negative effects on the economy. / PBN FILE PHOTO/NICOLE DOTZENROD

House passes 20-year deal to run state-sponsored lottery

Economy 05/11/2021

PROVIDENCE - The House on Tuesday approved an agreement with International Game Technology PLC, and its partner, Bally's Corp., for a 20-year deal to...

House Finance Committee passes reworked lottery contract

Economy 05/06/2021

PROVIDENCE – Rhode Island’s House Finance Committee passed its amended lottery contract legislation by a vote of 11 to two on Thursday at Veterans...

CLOSED FOR NOW: Foxwoods Resort Casino, above, on the Mashantucket Pequot Indian Reservation in Ledyard, Conn., and Mohegan Sun Inc. in Uncasville, Conn., have been shut down during the coronavirus pandemic, leading to some of the biggest spikes in jobless numbers in Connectict. / AP FILE PHOTO/BOB CHILD

Closures of Foxwoods, Mohegan Sun sting rural eastern Conn.

Coronavirus 05/15/2020

NORWICH, Conn. – Unemployment in eastern Connecticut is soaring, despite relatively few cases of COVID-19 in the region, largely because the pandemic forced two...

SPORTS BETTORS in Rhode Island lost a collective $2.7 million in November. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. sports bettors lose $2.7M in Nov.

Economic Activity 01/02/2020

PROVIDENCE – Sports bettors in Rhode Island lost a collective $2.7 million in November, marking the largest sports book revenue since sports betting launched...

MASSACHUSETTS CASINO REVENUES are trailing projections, but it isn't immediately clear as to why. Pictured is the Encore Boston Harbor casino in Everett, Mass., which opened in June. / BLOOMBERG NEWS FILE PHOTO/GETTY IMAGES/JESSICA RINALDI

Globe: Unclear why Mass. gambling revenue trailing expectations

Government 11/04/2019

PROVIDENCE – Casino revenue in Massachusetts is falling short of estimates, the Boston Globe reported Monday. Encore Boston Harbor is currently on pace to close...